Jefferies Financial Group Has Lowered Expectations for Edison International (NYSE:EIX) Stock Price

Key Points

• Jefferies cut Edison International’s price target from $68 to $53 and maintained a “hold” rating, implying about 7% downside from the prior close.
• Analyst sentiment remains cautious: Edison has a consensus “Reduce” rating, with one Buy, ten Hold, and three Sell ratings; the average target is $64.45.
• Edison shares rose 1.8% to $56.99 but remain well below their 50-day and 200-day moving averages. The company beat quarterly EPS estimates, though revenue declined 4.1% year over year.

Edison International (NYSE:EIX - Get Free Report) had its price target decreased by equities researchers at Jefferies Financial Group from $68.00 to $53.00 in a report released on Monday, Benzinga reports. The brokerage currently has a "hold" rating on the utilities provider's stock. Jefferies Financial Group's target price indicates a potential downside of 7.01% from the company's previous close.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. lowered their price objective on Edison International from $82.00 to $61.00 and set a "neutral" rating for the company in a research report on Wednesday, September 2nd. Argus restated a "hold" rating on shares of Edison International in a research report on Wednesday, August 26th. Truist Financial reduced their target price on shares of Edison International from $77.00 to $63.00 and set a "hold" rating on the stock in a research note on Thursday, September 3rd. UBS Group lowered their price target on shares of Edison International from $75.00 to $63.00 and set a "neutral" rating for the company in a research report on Tuesday, September 1st. Finally, Bank of America downgraded shares of Edison International from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $81.00 to $51.00 in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Edison International currently has a consensus rating of "Reduce" and a consensus target price of $64.45.

Edison International Trading Up 1.8%

NYSE:EIX traded up $0.99 during trading hours on Monday, hitting $56.99. 671,022 shares of the stock were exchanged, compared to its average volume of 3,424,813. The company's 50 day moving average is $70.77 and its two-hundred day moving average is $71.43. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $21.93 billion, a P/E ratio of 5.88, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62.

Edison International (NYSE:EIX - Get Free Report) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.18 by $0.36. The company had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts anticipate that Edison International will post 6.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Edison International

Several hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in Edison International by 112.9% during the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider's stock worth $577,000 after buying an additional 5,190 shares during the period. Empowered Funds LLC grew its stake in Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider's stock valued at $523,000 after acquiring an additional 211 shares during the period. Woodline Partners LP increased its holdings in shares of Edison International by 40.7% in the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider's stock worth $1,927,000 after acquiring an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Edison International by 153.6% in the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider's stock worth $451,000 after acquiring an additional 5,290 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of Edison International during the second quarter worth about $302,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

About Edison International

Edison International NYSE: EIX is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.

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